Technical analysis by The_Alchemist_Trader_ about Symbol TRX: Buy recommendation (9/8/2025)

Tron price action recently corrected lower but quickly found its footing at $0.31, where the 0.618 Fibonacci retracement coincided with a key weekly support. The strong bounce has reinforced confidence in the ongoing bullish trend, suggesting that the corrective move was a healthy reset rather than a reversal. Tron Key Technical Points - Support Confirmation: Price held above $0.31, aligning with the 0.618 Fibonacci retracement. - Upside Targets: Key resistance sits at $0.36, with further expansion possible toward $0.43. - Market Structure: Consecutive higher lows continue to signal bullish momentum despite recent correction. Analysis The recent correction on Tron allowed price to retest crucial technical levels, and the defense of $0.31 has proven significant. This level acted as both Fibonacci support and a weekly structure base, and the strong close above it confirmed demand remains present. Such confluence makes this zone a cornerstone for the current bullish setup. Looking ahead, the immediate upside target is $0.36, where prior resistance could again act as a hurdle. If buyers reclaim this level decisively, it would confirm continuation of the trend and unlock the next major target at $0.43. These objectives align with the broader Fibonacci extension framework, reinforcing the technical roadmap for higher prices. From a structural perspective, Tron’s price action remains intact within a bullish framework. The formation of consecutive higher lows, even during corrective pullbacks, highlights the underlying strength of the trend. This pattern supports the idea that corrections are providing opportunities for accumulation, rather than signaling exhaustion. What to Expect in the Coming Price Action As long as $0.31 holds, Tron is positioned for continuation higher, with $0.36 as the next key level. A breakout above this zone could accelerate price toward $0.43, confirming bullish momentum.